---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-23-001631"
form_type: "8-K"
ticker: "FAF"
cik: "0001472787"
company_name: "First American Financial Corp"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T20:02:42.381959+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# First American Q4 EPS $0.52 ($1.35 adj); revenue down 29% to $1.69B; net investment losses $114M

## Summary
- Q4 diluted EPS of $0.52 ($1.35 excluding $0.83 net investment losses); revenue $1.685B, down 29% YoY.
- Title Insurance segment pretax margin 7.1% (10.4% excl. net investment losses); commercial title revenues down 34% to $251M.
- Net investment losses of $114M driven by sale of fixed-income securities for tax planning and venture portfolio unrealized losses.
- Full year 2022 EPS $2.45 ($6.09 adj.); returned $658M to shareholders via buybacks and dividends; dividend raised 2% to $2.08 annual.
- Cash flow from operations $246M in Q4 vs $344M prior year; debt-to-capital 30.0%.

## SEC filing metadata
- accession: 0001564590-23-001631
- form_type: 8-K
- ticker: FAF
- cik: 0001472787
- company_name: First American Financial Corp
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472787/000156459023001631/0001564590-23-001631-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472787/000156459023001631/faf-8k_20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-001631
- JSON: https://secwatch.observer/filing/0001564590-23-001631.json
- Plain text: https://secwatch.observer/filing/0001564590-23-001631.txt

## Key facts
- Earnings Releases
  First American Financial Corp reported the quarter and fiscal year ended December 31, 2022 results: revenue Total revenue of $1.7 billion, net income Net income in the current quarter was $54 million, EPS 52 cents per diluted share.
  - Period: the quarter and fiscal year ended December 31, 2022
  - Revenue: Total revenue of $1.7 billion
  - Net income: Net income in the current quarter was $54 million
  - EPS: 52 cents per diluted share
  - Result: reported results
  source text: ended Dec. 31, 2022. Current Quarter Highlights • Earnings per diluted share of 52 cents, or $1.35 per share excluding 83 cents of net investment losses • Total revenue of $1.7 billion, down 29 percent compared with last year - Excluding net investment losses of $114 million, total revenue was $1.8 billion, down 24 percent compared with last year - Commercial
  evidence_url: https://www.sec.gov/Archives/edgar/data/1472787/000156459023001631/0001564590-23-001631-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.